Sunday, March 22, 2009

The FSA - The Fairly Scary Authority

Gordon Brown need look no further than here for how to imrpove banking regulation - ensure all UK banks are headquartered within walking distance of the FSA at Canary Wharf.

It can surely be no coincidence that all the failed British banks that have been rescued by taxpayers' deep pockets are headquartered outside London...
  • Royal Bank of Scotland
  • HBOS
  • Bradford & Bingley
  • Northern Rock

If only FSA employees had spent more time travelling beyond the M25, the present crisis could have been avoided!!